§ 30906. Restrictions
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/usc/title-36/section-30906A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Profit.— The corporation may not operate for pecuniary profit to its members.
(b)Stocks and Dividends.— The corporation may not issue stock or declare or pay a dividend.
(Pub. L. 105–225, Aug. 12, 1998, 112 Stat. 1326.)
The words “certificates of” and “its object and purposes being solely of a benevolent character” are omitted as unnecessary.
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- Pub. L. 105–225
- 112 Stat. 1326
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§ 30906
Restrictions
Pub. L.Pub. L. 105–225
Stat.112 Stat. 1326
Cites 2Cited by 0 across 0 sources